SBI Chairman Rajnish Kumar recently said many suitors are expected for DHFL as “it’s a good franchise”. With the Reserve Bank of India (RBI) taking
Category: IBC-SEBI
NCLT stops DoT from canceling Aircel spectrum, licence | Deccan Herald
The National Company Law Tribunal on Thursday directed the department of telecommunications (DoT) not to cancel the telecom license and spectrum issued to Aircel which
Big insolvency dilemma for proprietary firms; here’s what small businesses need soon – The Financial Express
By Vijay Kumar Gupta India has a strong reason to rejoice amidst the gloom pervading for the past eighteen months in the business environment. As per
SBI Caps to give report on four bidders for Anil Ambani’s RCom to CoC | Business Standard News
SBI Caps has finalised a detailed evaluation of the bids of the four companies that have offered to buy Anil Ambani’s telecom business. The report will be presented
Govt may announce UPA-style bailout of stressed NBFCs in Budget 2020 | Business Standard News
The proposals have been discussed at the highest level in the finance ministry and are likely to find mention in the Union Budget due in
Central govt wants Reserve Bank of India to buy out NBFCs’ bad loans–Deccan Chronicle
The central government wants the Reserve Bank of India to set up a fund to buy out stressed assets of the country’s top 25 shadow
Karvy Stock broking: Karvy scandal appears to have been almost too easy to pull off – The Economic Times
By Dhirendra Kumar Stock investors are in a tizzy because of the Karvy scandal. Equity investing in India is difficult enough without worrying about whether the
Law firms are laughing all the way to the bank amid swelling IBC, GST cases–Economic Times
There seems no slowdown in the business of law as the country’s legal sector has increased its fee income by more than 62% in two years at
Jai Balaji Industries: Omkara ARC rejigs debt bought from banks – The Financial Express
After Edelweiss ARC acquired over 12% stake in Jai Balaji Industries, which escaped an insolvency proceeding, as a process of restructuring a part of the beleaguered
Bank fraud: ED attaches Rs 5-cr assets of Rajasthan gems exporting firm, promoters – The Financial Express
The ED has attached assets worth over Rs 5 crore in connection with an alleged bank loan fraud and money laundering probe against a Rajasthan-based
Relief to firms! SC strikes down ‘automatic stay’ for arbitral awards – The Financial Express
A Bench led by Justice RF Nariman while striking down Section 87, as inserted by the 2019 Amendment Act, said that the provision was “manifestly
Chandra’s exit from Zee is an example of how to handle crisis with dignity | Business Standard News
The ‘so sad’, ‘end of an era’ commentary around Subhash Chandra’s resignation as Zee chairman is misplaced. What makes the 69-year-old Chandra a good entrepreneur — his
The Mudra problem | Business Standard Editorials
On Tuesday, Reserve Bank of India Deputy Governor M K Jain highlighted a dangerous trend: The rising levels of bad debt in the small-scale loans being handed out under the government’s
RBI: RBI red flags rising Mudra bad loans–Economic Times
Reserve Bank deputy governor MK Jain on Tuesday warned bankers about the growing stress in Mudra loans, which has crossed more than Rs 3.21 lakh crore
Yogi Adityanath: UP govt will pay back PF money invested in DHFL: Yogi Adityanath – The Economic Times
Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday said that his government will pay back the Provident Fund money of state power corporationNSE -2.11 % employees invested in the scam-hit DHFLNSE
NCLT approves Royale Partners Investment’s bid for EPC Construction – The Economic Times
The bankruptcy court has approved a resolution plan submitted by Mauritius-based Royale Partners Investment Fund for EPC Construction India to revive the company that was previously known as Essar Projects India. The foreign
Inclusion of NBFCs under IBC credit positive for lenders: Moody’s – The Financial Express
The credit rating agency said that it expected the RBI to selectively approach the IBC to resolve NBFIs with severe liquidity or solvency issues or
Govt may amend IBC, go for buyer protection and stricter homebuyers’ norms | Business Standard News
The Insolvency and Bankruptcy Code (IBC) is likely to undergo further changes, as sources say the Ministry of Corporate Affairs (MCA) would soon move amendments to the
Karvy crisis: Bankers raise concern with NSE and Sebi over exposure | Business Standard News
Banks and financial companies including ICICI Bank and HDFC Bank have met senior officials of the stock exchanges and raised concern over their exposure to Karvy’s companies, said two
IL&FS: NCLT asks Axis, StanChart CEOs to be present on Dec 16, bankers may seek review – The Economic Times
The tribunal has fixed the next date of hearing on December 16 and asked Chaudhry and Daruwala to be present and noted that both these
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